FCA Consumer Composite Investments (CCI) Solution

A Consumer Composite Investment (CCI) is a retail investment product where returns depend on the performance of underlying or reference assets. The FCA’s CCI disclosure regime introduces a new UK framework for how manufacturers provide key product information to UK retail investors.

The FCA has confirmed that the CCI regime is part of a move away from the previous EU-derived disclosure frameworks, creating a single UK approach for these products. In practice, this is designed to replace legacy PRIIPs/UCITS-style retail disclosure approaches with the new CCI product summary and supporting information architecture.

The FCA has set an optional transition period starting when legislation commences on 6 April 2026, where manufacturers can choose to use the new CCI product summary or continue with existing disclosure requirements. The regime applies in full from 8 June 2027.

The rules apply to firms involved in manufacturing and distributing CCIs to UK retail investors, including asset managers and other product manufacturers, and firms supporting retail distribution journeys.

The CCI product summary is the core investor-facing disclosure designed to help retail investors understand key information such as risk, costs, and past performance, with flexibility for manufacturers in design while still meeting prescribed content requirements.

Yes. The FCA’s consultation and subsequent materials describe a requirement for manufacturers to publish a machine-readable file on a public website containing the information they are required to disclose, supporting distributor use and supervisory oversight. This requirement only applies from 8 June 2027.

The machine-readable CCI dataset is a structured output (for example, a file format that systems can ingest) containing the underlying disclosure information. It helps distributors, platforms, and downstream manufacturers present CCI information consistently and reduces manual rekeying and reconciliation between parties.

A Product Summary Document (PSD) is the printable, “durable medium” style version of the CCI disclosure that can be shared as a document when needed (for example, for certain distributor processes or customer preferences). Many firms will operate both digital-first disclosure delivery and a PDF-style PSD output as part of their operating model.

The CCI regime is designed to enable more flexible and digital-friendly disclosure journeys. Market commentary on the final rules highlights a digital-first direction, supported by a machine-readable data layer and the ability to present information digitally while still meeting delivery requirements.

Firms should plan for at least an annual review/update cycle, and updates whenever information changes materially (for example, to keep risk, costs, and performance information accurate and consistent across channels).

CCI disclosures are designed to contain comparable, decision-useful information such as:

• Risk/return information
• Costs and charges
• Past performance (where required/available)
• Supporting narrative to help explain the product clearly to retail investors

No. CCIs cover a broader set of consumer investment products where returns depend on underlying/reference assets, meaning CCI readiness often affects multiple product lines and distribution channels – not just one fund type.

Common CCI implementation challenges include:

• Creating a consistent “golden source” for risk/cost/performance inputs
• Producing digital product summaries, PSD documents, and machine-readable datasets without inconsistencies
• Managing updates and version control (annual + ad hoc changes)
• Providing evidence, governance, and audit trails across the production workflow

Funds-Axis supports firms by automating the end-to-end production workflow for CCI deliverables – helping you generate and govern:

• Digital product summary outputs (for web/portal journeys)
• Machine-readable CCI datasets for distributors
• PSD document outputs for durable-medium delivery
  …with controlled templates, validations, and audit trails.

Yes. Many firms choose a hosted or embedded delivery model (for example, widgets or a hosted portal with permalinks) so disclosures can be deployed quickly and updated centrally – without a full rebuild of distributor or investor journeys.

CCI is a UK disclosure regime with a product summary + machine-readable publication requirement, while templates like EPT/EMT are industry data exchange standards used in distribution and disclosure workflows. Some firms will run both (for different audiences/markets), but the compliance obligation and outputs are different.

A strong preparation plan for CCI typically includes:

• Agreeing your optimal go‑live date so internal teams, vendors, and distributors can align around a realistic delivery timeline.
• Reviewing and assessing the technology solution that best suits your needs, including whether to build, buy, or enhance existing capabilities.
• Conducting a product scope assessment to confirm which products fall within the CCI regime.
• Performing a data‑readiness review across risk, costs, performance, identifiers, and classifications to ensure all required inputs are complete and reliable.
• Prototyping early so you can validate disclosure layouts and data outputs well ahead of regulatory deadlines.